Next Reason For BTC Price To Goes Up

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legendary

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Quote from: fiulpro on June 23, 2019, 12:39:04 PM

And you know a very interesting thing , Bitcoins since they are going up the government have initiated a plan for letting people pay taxes in Bitcoins ;

Thus now you can actually pay taxes in Bitcoin and government is allowing it so it means it's gaining recognition too from every side, the price is having a productive influence on both market value and at the same time it's good for even people who are looking forward to invest since the market is going to go up for sure.

It is a good sign 👍

Governments aren't directly accepting Bitcoin though. It's just a third party gateway they use to receive fiat after every tax payment.

I think it's actually a bad thing. If you use Bitcoin to pay your taxes with, they are going to be aware of the transaction data and from there can basically follow you through the years, where you trade, what addresses you use for long term storage, etc. It's basically them making it easier to bust you and charge even more because you didn't declare everything they way you should have according to them. It's a trap.

Another reason this isn't a good thing is because of how these coins will be used to temporarily short Bitcoin because they don't sell their coins immediately. They short to cover the risk of the price that might go down.

fiulpro

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And you know a very interesting thing , Bitcoins since they are going up the government have initiated a plan for letting people pay taxes in Bitcoins ;

Thus now you can actually pay taxes in Bitcoin and government is allowing it so it means it's gaining recognition too from every side, the price is having a productive influence on both market value and at the same time it's good for even people who are looking forward to invest since the market is going to go up for sure.

It is a good sign 👍

Pab

legendary

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Next very interesting what i will not aware of it

https://www.forbes.com/sites/ktorpey/2019/03/14/heres-bitcoins-best-use-case-right-now/#30b4ff6b609c

Abra wallet wiil make Bitcoin as Collateral for Real World Assets

Abra CEO Bill Barhydt gave a talk about how his company’s mobile app works under the hood at the 2019 MIT Bitcoin Expo. For those unfamiliar with Abra, it effectively allows users to peg the value of the bitcoin on their phones to a large number of other assets such as U.S. dollars or Apple stock.

After he finished his presentation, an audience member asked Barhydt about how Abra’s users may affect the price of bitcoin. In his response, Barhydt shared his belief that the functionality enabled by Abra is the best use case of bitcoin right now.

“Yeah, I mean, I think the single best use case for bitcoin over the next five years is the collateralization of real world assets to facilitate banking,” said Barhydt. “As a matter of fact, I don’t even know what number two is. So, until we have a second layer that can actually enable real-world payments, this is the best use case of bitcoin I’ve ever seen. So, by definition, there’s not enough bitcoin right now to collateralize all the assets one would want to do with this. Well, I think there’s the answer to your question.”

qiwoman2

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Oikos.cash | Decentralized Finance on Tron

I think the main catalyst for the Bitcoin price to surge will be based on two main events, the halving of LTC, aka LITECOIN which might cause a mini pump in the whole market and also, of course, the reward halving for Bitcoin itself happening next year in 2020. There are other things also that can spur Bitcoin into a nice parabolic bull run and that could be kore legislation being passed in countries that are very pro blockchain technology and Bitcoin and also more usage through the Unbanked Populations as well. Also, the more ordinary people get used to maybe holding a small portfolio of Altcoins and Bitcoin in their savings portfolio, could also spark another bull run too.

maianh09

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Quote from: btc_angela on April 10, 2019, 12:01:24 AM

Last push could be $30K before we all get REKT again, lol.

You got the idea Grin

Being here for two years make me getting used to these ups and downs. Oh well, I'll try to be more positive for the next rally for the greater good.
[/quote]I also became calm even when the bear market appeared. We join Cryptocurrency long enough to feel that nothing is worst. Just wait and overcome all difficulties when the bear market appears. Bitcoin will increase when the bear market ends, the price of Bitcoin will always increase, and its price will increase day by day. What we need to do is wait.

klaaas

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Quote from: OrangeSeller on April 21, 2019, 01:20:21 AM

economy of the world is crashing and a lot of countries are already entering into big debt

Any debt can be paid by the USA https://www.youtube.com/watch?v=Ck3FuTzZvhI
It is true that the world economy is a big mountain of debt since printing money can be endless. People fearing that system will run to bitcoin or metals since it is valued at scarcity what drives the price up.

Russlenat

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I thought there is an Indirect correlations between stock and the crypto currency market performance. When the Federal Reserve decided to paused its interest rates hikes this year. The investors decided to inject again more dollar back in to the stock market and resulted in an upward trajectory, I mean its not only the S & P, even the DOW JONES and NASDAQ also pumps its prices and this happened on Q1. The BTC maintain its support level during this period and it didn't break below $1.5k, even there is a downward trend from last year. At the beginning of Q2, the BTC follow suit.

OrangeSeller

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There is just one major reason why the price of bitcoin is going to go up in this time, and the reason being that the economy of the world is crashing and a lot of countries are already entering into big debt that they can never pay even in my years to come, this debt will soon cause an economy meltdown because it would get to a point that the leaders of this countries will still need to borrow more money in the craving to make the economy survive but end up crashing the economy and bitcoin would be the saving grace.

entebah

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Quote from: moynul2050 on April 16, 2019, 09:25:54 AM

news of the existence of halving, is one reason the price of bitcoin will soon increase. moreover with the romur bull run discussed by many people with various good news underlying it.

Yes, right. because the history of increase in Bitcoin is when Bitcoin will experience Bitcoin halving, so the price will rise well, because the miners get a reduction in each Block, so the price will increase.

sandra_x

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Bitcoin as an emerging asset class is a choiced investment vehicle for many funds managers.With QE, the S&P 500 will no doubt have some excess cash inflow and experience some kind of boom,As for its relating to bitcoin price ,not so much ,at least historical. There is not a strong positive correlation between the two markets.Maybe there will be a change this time.

3core

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It will be nice to see BTC price go up further again, but this news isn't enough reason for the price to increase a lot. The prices will only increase when people begin to believe Bitcoin

mrdeposit

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Quote from: BlueStackz on April 15, 2019, 08:05:15 AM

Quote from: gabmen on April 13, 2019, 01:43:36 AM

Quote from: Gozie51 on April 10, 2019, 05:00:24 AM

Quote from: Kakmakr on April 10, 2019, 01:06:31 AM

It is also only a small amount of Stock exchange traders that has the knowledge to buy & sell bitcoins, most of them are traditional investors and old farts like Warren Buffet. Wink

This is the reason I think that huge orders are one of the factors that pushes price up because the market gets quiet until after sometime you see a serious rally and price goes up. This time around, I hope the bull gets sustained.

What could be the reason though for that to happen this time around? I'm reading a few comments talking about the halving necxt year but that seems a little distant to have that much effect now. Sec approval? I don't think so. Whales starting a fomo? Probably.

The increase was nothing so special, it was bound to happen, the reason why it came as a surprise was because of the time frame, it was so fast that it looked as if there was a force that pushed many people into making these decision at once, the reason why some of us are sure for now is because this increase didn’t come from just 1 or 2 persons to have concluded that they are whales, but came from massive investors.

Although I suspect FOMO, probably one person with big funds causes little big increase and people got scared and started investing, thinking the BULL has come, I invested too the moment I started seeing the speed, I didn’t want to miss out from the bull, so I think FOMO played a very big part in the price increase.

What kind of an explanation can there be without any reason? Someone's movement caused the others to move and we are at a good price today. But, such movements are required to increase in such cases. Because, as the inaction continues, everyone starts to sleep.

pieppiep

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Quote from: moynul2050 on April 16, 2019, 09:25:54 AM

news of the existence of halving, is one reason the price of bitcoin will soon increase. moreover with the romur bull run discussed by many people with various good news underlying it.

it's true that a bull run can have a good influence on the price of bitcoin in the exchange but I see the price of bitcoin will not be easy to increase prices without the support or demand in the market.

1Referee

legendary

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Quote from: moynul2050 on April 16, 2019, 09:25:54 AM

moreover with the romur bull run discussed by many people with various good news underlying it.

Lol. Just because people are talking about a bull run, doesn't mean it will actually happen. If that was the case, we would have seen a massive bull run last year, because every newbie and self claimed expert was talking about it, but we went down hard instead. If people become overly optimistic, it's more likely that we'll head to the other direction. Dumb money has always been a reliable counter indicator.

Also, good news in a bear market has no relevance with how the bearish sentiment instantly nullifies anything of positive nature. The only news that people are waiting for is an approval of Bakkt or an ETF, everything else related to Bitcoin's fundamentals is not of interest to them because it doesn't affect the price positively in the near term.

moynul2050

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news of the existence of halving, is one reason the price of bitcoin will soon increase. moreover with the romur bull run discussed by many people with various good news underlying it.

eaLiTy

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Have Fun )@@( Stay Safe

Before the halving the price of bitcoin will keep on increasing which we see from the recovery phase we are in right now, since the beginning of bitcoin market we are seeing the same trend, and another reason is due to high demand for bitcoin since this is literally a new market place and there is more chance for the price of bitcoin to have a huge leap because of that and we might see huge financial institutions investing their money in the market which will have an impact in the market.

ajqjjj

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Not your Keys, not your Bitcoin

I suspect we have reasons for the price bump in the marketplace growth for bitcoin and altcoins.

Here are sum which I feel perfect reasons for the growth.

Increase of circulation and volume.
High number of adoption over the month
whale investment
World Giants investment on bitcoin

omonuyak

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Quote from: Pab on April 09, 2019, 01:20:06 PM

Below article from my favorite press showing what can be reason of crypto currencies market rise.I can add that exactly 28 March Mario Draghi confirmed that yet another EBC QE
During QE cycle investors are making huge money by investing in emerging assets
Bitcoin specially now is most profitable asset in the world

TRUMP CALLS FOR EXPANSIONARY POLICY
The crypto rally matched shoulders with the stock market performance in the mainstream. The S&P 500 Index last week reclaimed its January 2018 highs. Though the S&P 500 and the cryptocurrency market do not correlate directly, both the markets lately reacted to what was happening in the US economic space.

A potential QE program typically leads to a stock market pump. Market participants like the thought of more dollars coming into the economy, which leads them to offload them into stocks with bullish sentiments. That also means that investors could look beyond conventional financial instruments, like bitcoin, to distribute their portfolio risks. As a result, more money flows into the emerging cryptocurrency space.

https://www.ccn.com/185-billion-crypto-market-storms-to-2019-high-as-trump-demands-rocketship-us-fed-policy

As for now in Central Banks We Trust and mr Trump

And Fidelity report showing interesting in crypto from various institutional investors

https://www.ccn.com/2-46-trillion-asset-manager-fidelity-packed-with-hundreds-of-rabid-bitcoin-fans?utm_content=88109849&utm_medium=social&utm_source=twitter&hss_channel=tw-1045309052270641152

With all this event and development I do believe that the market is going to perform well this year. It has started and we are seeing strong indications of price continue going up. I believe that now should be the right time for us to invest into the cryptocurrencies market and make money in some months and years to come.

manfredmann

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Wow this is really indeed a good reason to pump up the project. For sure Us People will be going to like cryptocurrency and that would definitely.will. let these people.to invest in cryptocurrency.

Besides there are other american folk that has been always wanting to.join.in cryptocurrency. Now, this is their that we could have pump up and liquiduty.

Pab

legendary

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Whatever will happen bitcoin halving is main event and will have biggest influence on price
All the rest will be something additional.Last year additional was bitcoin forks
That year hard to say maybe Facebook will like to make some additional money
Don't forget that FB is asking for 1 bln funding to develop his coin
So i guess investors will get FB coin for his investing
If i will invest in FB coin then after i will buy btc becouse of halving
But that is my speculation
Now price is switching up and down but not so much indeed
Patience is key.It looks like accumulation on higher level can take time

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